Topic: How To Invest

Dividend Advisor Hotline – Friday, March 26, 2021

Article Excerpt

THOMSON REUTERS CORP., $111.26, Toronto symbol TRI, remains a buy. The company now focuses on selling specialized information and software to the legal, tax and accounting fields. That follows the sale of 55% of its Refinitiv financial information business to Blackstone Group LP (New York symbol BX) on October 1, 2018, for $17 billion (all amounts except share price in U.S. dollars). The company also owns the Reuters news service. Thomson recently raised your quarterly dividend by 6.6%. Investors now receive $0.405 U.S. a share instead of $0.38 U.S. The new annual rate of $1.62 U.S. yields 1.8%. On January 29, 2021, Thomson and Blackstone merged Refinitiv with the London Stock Exchange Group plc (Over-the-counter Pink Sheets symbol LDNXF). Under the terms of the deal, Thomson now owns roughly 15% of the combined firm. As of February 22, 2021, that investment was worth $11.2 billion. Thomson and Blackstone have agreed to hold onto their shares for now, but they can sell them in tranches starting…

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